Petrogrand: Completes 49% Acquisition of Ripiano Holdings LTD
Petrogrand is pleased to make its first monthly production and operational update.
The Company has completed the acquisition of 49% of Ripiano Holdings LTD.
The daily production from Ripiano’s subsidiaries Dinyu LLC and CNPSEI LLC has increased to 1 675 bopd and the Company is reviewing options to further increase production from existing wells.
Dinyu LLC has announced a tender to drill 6 production wells. The drilling is expected to start in the 3rd quarter 2015.
